The Department of Trade and Industry (DTI) on Friday assured consumers that prices of some 204 basic necessities and prime commodities will remain unchanged until the end of the year, as agreed upon with manufacturers…
The local currency shed 9.5 centavos to close Friday at P63.615:$1, surpassing Thursday"s finish of P63.52:$1, the previous record.
MANILA, Philippines — The Philippine peso weakened to a fresh record low of P63.615 against the US dollar on Friday, extending its losses as the local currency closed weaker than the previous record of P63.52 a day…
The award acknowledged the company’s steadfast support for the PNP’s health initiatives.
The Philippine National Bank (PNB) on Friday reported a 15% growth in its net income for the first nine months of the year, as lending posted double-digit growth during the period.
MANILA, Philippines — National Grid Corporation of the Philippines (NGCP) issued yellow and red alerts in on the Visayas and Mindanao grids on Friday, as power plants continued to be unavailable in these regions. In an…
The Philippines remains an attractive destination for British investments despite the challenges involving corruption, bureaucracy, and rising costs, according to the British Chamber of Commerce Philippines, which is…
MANILA, Philippines — Diesel prices are expected to go up while gasoline is projected to go down for the second straight week due to the escalation of conflict in the Middle East, local oil industry sources said on…
Before spending on AI, Filipino MSMEs and start-ups could first test whether it works for them.
Motorists are set to see another round of mixed movements in pump prices next week, according to an oil industry source.
SEC Chairman Francis Lim spearheads a daring undertaking into the realm of market making, in a bid to boost stock market trading in the Philippines
VIDEO game publisher Electronic Arts is shutting down the popular and influential game development studio BioWare after more than three decades. The upcoming “Mass Effect” game, the fifth since 2007, has been canceled…
CHICAGO, Illinois — United Airlines CEO Scott Kirby said on Wednesday the carrier expects fuel prices to remain elevated throughout 2027. Kirby said achieving United’s goal of double-digit pretax margins next year would…
The Department of Agriculture is looking to open export opportunities for coconut products in West Africa, following the shipment of young coconuts to Liberia.
TAIPEI — A union representing workers at a Micron plant in Taiwan said it would proceed with a planned strike on Thursday, even as the US memory chipmaker reached a deal with a separate union at a larger site. The…
EUROPE’S largest tech company SAP on Wednesday achieved a 10-billion-euros ($11.2 billion) quarterly revenue milestone for the first time, while reporting a 26-percent rise in current cloud backlog and lifting its 2026…
Food and beverage company RFM Corp. is staying ready for acquisition opportunities, keeping deployable cash even as it continues to reward shareholders with large amount of dividends.
PARIS, France — French cosmetics group L'Oreal (OREP.PA), opens new tab beat third-quarter sales forecasts on Thursday, as shoppers around the world indulge in more pricy haircare and premium skin products. The…
IBM finance chief James Kavanaugh on Wednesday said delayed software deals that rattled investors in the last quarter were beginning to close, as the company lifted its forecast for the business and reported…
Noriaki Hirakata made a career out of scrutinizing automotive companies from the outside, analyzing business performance and offering recommendations on what automakers should do.
GENERAL Motors plans to offer “eyes-off” autonomous driving on its highest-selling, most profitable vehicles — big pickup trucks and SUVs — as it seeks fresh revenue streams from heavy technology investments. Last year…
THE Department of Budget and Management (DBM) has moved up the deadline for government agencies to request additional funding authority, as it seeks to maximize the use of available funds before the end of the year. In…
A tito in Quezon City gets a text on his lunch break. The sender name reflects the government agency, and the message says he has an unsettled violation. The website he taps looks official and takes him through each…
ARANETA Properties Inc. has postponed its annual stockholders’ meeting to Dec. 7 from the original Nov. 18 schedule, saying it needed more time to complete regulatory and notice requirements. The property firm said its…
THE Philippines’ political and country risk level could worsen during the second half of the year with a deteriorating outlook, based on the research and analysis of professional services firm WR Advisory Group. In its…
An Israeli businessman who changed his name to conceal property fraud in the US has joined the board of Davao-based businessman Dennis Uy’s Dito CME Holdings Inc.
THE government’s budget deficit widened further in September compared to the previous month’s shortfall as spending outpaced revenues, Bureau of the Treasury data showed on Thursday. The month’s P248.9-billion shortfall…
AGRICULTURAL damage due to the effects of El Niño has so far reached more than P8 billion and has affected almost 300,000 farmers, the Department of Agriculture’s Disaster Risk Reduction and Management (DRRM) Operations…
he Department of Agriculture is seeking P15 billion in funding for the livestock and poultry sector as it adjusts its financing strategy amid delays in the rollout of a competitiveness fund meant to boost the industry.
TRADE Secretary Cristina Roque said manufacturers of basic necessities and prime commodities (BNPCs) have committed that there would be no price increases in until the end of the year. The commitment covers over 200…
BOTH the peso and the stock market retreated yesterday, with the local currency hitting a new record low again, after the key rates of the central bank were increased by a bigger-than-expected 50 basis points. The peso…
Sta. Lucia Land Inc., the flagship property development arm of the Robles and Santos families’ Sta. Lucia Group, intends to borrow over P7 billion from local financial institutions to refinance existing loans and…
LOCAL hog producers are demanding higher tariffs on pork imports to arrest falling farmgate prices, warning that government inaction could spell the industry’s demise. The response, however, should depend on whether the…
THE Philippine Economic Zone Authority (PEZA) on Thursday said it had exceeded its P300-billion investment target this year and was on track to surpass the record P311.9 billion set in 2012. Investment approvals reached…
Department of Public Works and Highways Secretary Vince Dizon is a very busy man, so much so that he spent less than 20 minutes at the infrastructure forum arranged by the Economic Journalists Association of the…
THE dark clouds over our economy have been gathering throughout the year and strong winds have been blowing hard on our stock market, our currency and even our food supply. As a perennial optimist, I always like to…
THE Visayas power grid was placed under red and yellow alerts on Thursday as power plant outages and reduced output tightened supply, the National Grid Corp. of the Philippines (NGCP) said. A red alert means power…
The Department of Finance is still fine-tuning a proposed tax amnesty bill, which it aims to file with the House of Representatives within the year, according to Finance Undersecretary Rolando Ligon Jr.
THE Chamber of Mines of the Philippines and the Philippine Nickel Industry Association on Thursday cautioned that an administrative order governing natural resource contracts could create regulatory uncertainty and…
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